Watching for a potential bounce on $BCH as it defends key support.
If $BCH stays above 199.70, it could be a sign that the downtrend is starting to lose steam, and we could see a leg up towards resistance at 226.80.
Price is near support, SMA7 is below SMA25, 10-bar trend is bearish, volume is rising.
A daily close under 199.70 would break this setup and suggest a continuation of the downtrend.
Are you buying this dip on $BCH?
If $BCH stays above 199.70, it could be a sign that the downtrend is starting to lose steam, and we could see a leg up towards resistance at 226.80.
Price is near support, SMA7 is below SMA25, 10-bar trend is bearish, volume is rising.
A daily close under 199.70 would break this setup and suggest a continuation of the downtrend.
Are you buying this dip on $BCH?